Silicon Valley is easy to stereotype: the gadgets, the startup perks, the culture and mentality. However, the real reason Silicon Valley captures headlines is its market dominance. The rise of the FAANGs—Facebook, Amazon, Apple, Netflix, and Google—and their trillion-dollar market caps are hard to ignore. While their rapid growth has boosted the economy, it has also raised questions about the tech industry’s dominance and the potential for another “dotcom era” bubble, and bust.
